The huge swings rocking Wall Street and the global economy may feel far from normal. But, for investing at least, drops of this size have happened throughout history. Stomaching them is the price investors have had to pay in order to get the bigger returns that stocks can offer over other investments in the long term.

"The economic pain that will be brought by these tariffs are hard to describe and can essentially take the US tech industry back a decade," Dan Ives said.

Companies that focus on food, health care and other necessities gained ground, despite a slump in the broader stock market over worries about an escalating trade war that erased trillions of dollars in value for the biggest U.S. companies. Big Tech stocks, specialty retailers, travel and energy companies took sizeable losses.

People on Wall Street reacted to the stock market downturn from Trump's tariffs announcement with a mix of worry and optimism.

The S&P’s 9% loss since last Friday makes this stocks’ worst week since March 2020 and the fifth-worst week of the last 20 years, trailing only losses sustained in October 2008 and early 2020.

U.S. companies were hammered again in the stock market Friday after China matched President Donald Trump’s tariffs in what is a rapidly escalating trade war

The S&P 500 was down 3.4% and the Dow Jones Industrial Average was down more than 1,100 points or 2.6% at 12:40 p.m.

The US stock market is about to conclude its worst quarter compared to the rest of the world since the 1980s. Obviously there have been lots of dips along the way to this ignominious milestone, which also means investors should have some attractive entry points to start buying again.